Assistance with Valuation. In accordance with the Procedures, the Sub-Adviser will provide reasonable assistance to the Adviser and the Custodian, Administrator or similar party designated by the Adviser in assessing the fair value of securities or other instruments held in the Allocated Portion for which market quotations are not readily available or for which the Adviser or the Board has otherwise determined to fair value such portfolio holdings. The Sub-Adviser will present its valuation methods and the application of such methods to the Board for its review and approval. As part of the valuation process for investments for which market quotations are not available, the Sub-Adviser will engage the services of an independent third-party valuation firm on no less than a quarterly basis. The Sub-Adviser will also be responsible for notifying the Adviser of any material changes in the value of an illiquid security that would impact the value of the Fund.
Appears in 8 contracts
Samples: Investment Sub Advisory Agreement (FS Multi-Alternative Income Fund), Investment Sub Advisory Agreement (FS Multi-Alternative Income Fund), Investment Sub Advisory Agreement (FS Multi-Alternative Income Fund)
